UPDATED: Police Continue Search for Missing CDI Contractors CFO John Glasgow

(UPDATE: Click here for the latest.) 

A "multi-agency" search has been underway in Petit Jean State Park since Tuesday, when a car belonging to John W. Glasgow, vice president and chief financial officer of CDI Contractors of Little Rock, was found in the parking lot at Mather Lodge.

Tim Scott, a State Parks employee designated as spokesman for the search, said more than 200 man-hours had been devoted to finding Glasgow, 45, who was reported missing by his wife, Melinda Glasgow, late Monday afternoon.

Melinda Glasgow made the report after her husband failed to show up for work and did not respond to calls to his cell phone.

According to a Little Rock Police Department report, Glasgow was last seen leaving his home on South Lookout Street in Little Rock about 5:15 a.m. on Monday.

He left "a bank account number and the code to their personal safe on a pad of paper and left it on the table along with some checks to be mailed," according to the officer's report.

In a statement, CDI Chairman and CEO William Clark called John Glasgow "a trusted member of the CDI family for more than 17 years." He said the company has and will continue to assist law enforcement in its search.

"We remain hopeful he will be safely located," Clark said.

'Out of Character'

According to the police report, Melinda Glasgow said her husband was "stressed over events occurring at work" but "never made any statements about harming himself." She also told police that a .22 rifle was missing from the residence.

But John Glasgow's brother, Little Rock lawyer Roger Glasgow, told ArkansasBusiness.com that the single-shot rifle was a family heirloom, rarely used, and might simply have been moved to a different storage area.

"We don't know whether he took the rifle," Roger Glasgow said. "It was one of the things that went into our thoughts about putting out a missing persons report, but that's not all that meaningful to us."

Roger Glasgow said that leaving checks to be mailed didn't seem out of character for his brother, a certified public accountant, but leaving his laptop computer in his unlocked car did.

"We don't know what happened here - whether he's the victim of a crime, whether he's been in an accident," Roger Glasgow said. "He's never disappeared without notifying somebody - his wife, people at work. It's just so out of character."

Roger Glasgow said the search on Wednesday "was one of the most intensive searches I've ever seen, and we didn't turn up anything."

The family decided to release Glasgow's photo and other details to the media on Thursday because "we've not been able to find any trace of him up here where his car was found."

Many Agencies Involved

Scott said about 34 people had been part of the search. Agencies involved in the search include the State Parks & Tourism Department, Arkansas State Police, Conway County Sheriff's Office, Franklin County Search & Rescue, Buffalo River National Park Service, Arkansas Game & Fish Department and the Pope County Office of Emergency Services.

There was no indication that anyone else was with John Glasgow, and no way to know whether he had come prepared for camping, Scott said. There was nothing in his car to indicate his direction of travel after arriving at the Mather Lodge, Scott said.

ArkansasBusiness.com will update this story.

CDI is one of the state's largest commercial contractors, with revenue topping $400 million and a roster of high-profile projects including the Clinton Presidential Library.

CDI's former CEO, William E. "Bill" Clark, founded the firm with publicly traded department store chain Dillard's Inc. of Little Rock in 1987. He died last year. His son, William Clark, has since become the firm's chairman and CEO.

In his statement, William Clark said that, in John Glasgow's absence, his duties will be carried out by other members of the company's accounting department.

This week, Arkansas Business reported that the ownership of CDI was changing, with Dillard's retaining its 50 percent stake in the firm and Clark's family selling its 50 percent to a management group.

Full Statement From William Clark

As reported in the media, John Glasgow, our chief financial officer, has been missing since Monday. John has been a trusted member of the CDI family for more than 17 years and our CFO for more than 12. We have been and will continue to assist law enforcement in their search for John. We remain hopeful he will be safely located.

In his absence, his duties have been carried out by other members of our accounting department, and I am taking an active role overseeing the effort. All of us at CDI continue to pray for his safe return and for his wife, Melinda. We also extend our sincere gratitude to the many state and local agencies, law enforcement officials and volunteers for their continued help in locating John.